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Corporate Briefs

Schneider in pact with Wipro

Schneider Electric and Wipro have signed a partnership in industrial automation. This will allow Wipro to market Schneiderís solutions, including manufacturing execution systems (MES) and supervisory control and data acquisition, in India. The IT firm will provide Schneiderís Ampla MES solution to mining, mineral processing and metals industries, which will enhance their efficiency and productivity.

Thinksoft IPO

Thinksoft Global Services Ltd will hit the capital market with a public issue of 36,46,000 equity shares of Rs 10 each through a 100 per cent book-building route. The IPO consists of a fresh issue of 13,50,000 shares and an offer for sale of 22,96,000 shares by Euro Indo Investments and Vinod Ganjoor.

Hotel price

The average price of a hotel room around the world fell 17 per cent in the first six months of 2009 according to the latest hotel price index from Hotels.com. Moscow hotels registered the highest fall of 52 per cent followed by hotels in Mumbai whose prices dipped 42 per cent.

TCS centre

Tata Consultancy Services has opened a global delivery centre in Buenos Aires, Argentina. TCS will initially employ around 250 professionals at the centre, which will provide consulting, advanced IT solutions and BPO services.

Barclays Bank

Barclays Bank has launched NRI dual account, which will enable Indian students in the UK to access an international students account in the UK and an NRE savings account in India simultaneously. Other features include higher cash withdrawal and point of sale limits of Rs 50,000 and free online money transfer from the UK to India.

GE Energy

GE Energy plans to develop a local supply chain and set up a wind turbine generator plant in south India. The plant will start production in the second half of 2010 with GEís 1.5XLE wind turbines and will increase its capacity to ship 300 turbines of 450MW capacity per year.

Tata Sky offer

Tata Sky Ltd has announced a special promotional offering for all existing and new subscribers on Tata Sky+. Subscribers can now buy Tata Sky+ for Rs 4,999. The service can be booked by calling the Tata Sky call centres or visiting any leading retail outlet by Diwali.

Bharti Tele

Bharti Teletech has been named an authorised service partner under the Polycom Partner Service Programme. The certification provides customers with the assurance that Bharti Teletech has the knowledge, training and expertise to sell and distribute Polycomís voice and video conferencing products.


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